The government-debt crisis that hit a decade ago plunged countless Greeks into poverty and caused the economy to shrink by a quarter. Many companies folded. But others survived, at least in part due to the tenacity of their owners.
Only 1 percent growth is forecast for Germany this year, according to Economy Minister Peter Altmaier, who attributed the risks to Brexit and global trade rows. Previously, Berlin had reckoned on 1.8 percent.
Debt-stricken Greece has confirmed its economy expanded last year despite a dip in the country's outbound shipments. The statistics office said growth was attributable to a surge in corporate investment.
Greece will exit its stability program on Monday. How has the Greek economy developed since austerity was imposed in 2010? And is Greece prepared to meet the budgetary targets? A data analysis provides answers.
Since Greece's debt crisis exploded in 2009, creditors have demanded deep governance reforms. Greeks have so far resisted. In their eyes, there are good reasons for that resistance, reports Miltiades Schmidt.
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